Proctor and Gamble 2005 Annual Report Download - page 2

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Net Sales
(in billions of dollars)
2004 20052003
51.4
56.7
43.4
Operating Cash Flow
(in billions of dollars)
2004 20052003
8.7 8.7
9.4
Diluted Net Earnings
(per common share)
2003 2004 2005
0
1
2
$3
Additional Earnings Information
(per common share, on a diluted basis)
2003 2004 2005
0
1
2
$3
Reported EPS
Restructuring Charges
1฀ Organization฀2005฀restructuring฀charges฀per฀share฀total฀$0.19฀in฀2003.
Table฀of฀Contents
Financial฀Highlights
Financial฀Summary฀(Unaudited)
Letter฀to฀Shareholders฀ ฀1
Integrating฀Gillette฀ 10
P&G’s฀Billion-Dollar฀Brands฀ 12
Global฀Business฀Unit฀Perspective฀ 14
Financial฀Contents฀ 22
Corporate฀Officers฀ 62
Board฀of฀Directors฀ 64
Shareholder฀Information฀ 65
Amounts฀in฀millions
except฀per฀share฀amounts
Years฀Ended฀June฀30
 2004 2003 2002 2001 2000
Net฀Sales  $51,407 $43,377 $40,238 $39,244 $39,951
Operating฀Income  9,827 7,853 6,678 4,736 5,954
Net฀Earnings  6,481 5,186 4,352 2,922 3,542
Net฀Earnings฀Margin  12.6% 12.0% 10.8% 7.4% 8.9%
Basic฀Net฀Earnings฀per฀Common฀Share  $2.46 $1.95 $1.63 $1.08 $1.30
Diluted฀Net฀Earnings฀per฀Common฀Share  2.32 1.85 1.54 1.03 1.23
Dividends฀per฀Common฀Share  0.93 0.82 0.76 0.70 0.64